National Real Estate Update February 2018
National Real Estate Update in February from National Association of Realtors shows projected number of home sales dipped to $5.6 million. Median price for existing home sales decreased to $246,800 down .2% from last month and up 5.8 % from this time last year. According to Freddie MAC, the national average for a 30 year fixed rate mortgage is up from last month to 4.15%.
With mortgage rates edging up just over 4% for first time in a long while, this couldn’t be a better time to buy. As we move toward Spring, more buyers will be competing for homes. Come to Highlands or Cashiers, NC now to get your best choice! Give me a call today. I am ready to help you find your mountain dream home. You will so enjoy the cool summer breezes high above the lowland heat.